What’s the difference between keeping your coins on an exchange and keeping them in your own wallet? Don’t worry, your class rep is here to explain:
Transfers between users on the same platform are usually processed on the platform’s internal ledger, not on-chain, so they’re often fast and don’t incur network fees.
The advantage of an exchange account is convenience: if you forget your password, you can recover it through identity verification. But the security of your assets also depends on the platform itself.
Me before: I’ll just place the order.
Me now: I’ll read the instructions first.
$BNB 720.41（-0.29%）
This is not investment advice. You assume all risks.
Transfers between users on the same platform are usually processed on the platform’s internal ledger, not on-chain, so they’re often fast and don’t incur network fees.
The advantage of an exchange account is convenience: if you forget your password, you can recover it through identity verification. But the security of your assets also depends on the platform itself.
Me before: I’ll just place the order.
Me now: I’ll read the instructions first.
$BNB 720.41（-0.29%）
This is not investment advice. You assume all risks.